The EU takes a stand against the Apple Tax
CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including the European Commission’s ‘statement of objections’ to Apple saying that it believes it has distorted competition in the music streaming market by enforcing the mandatory use of its own payment system, plus Tencent’s likely fine for alleged anti-competitive behaviour in the music streaming market. SECTION TIMES 01: EU v Apple (00:02:58) 02: China v Tencent (00:21:49) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Apple’s App Store rules back in spotlight in both Europe and the US thanks to Spotify and Fortnite • Tencent likely to be fined in Chinese competition law crackdown, could be force to sell music apps ALSO MENTIONED • Bjorn Ulvaeus confirmed as final keynote interviewee for Great Escape 2021 • Buy delegate passes for The Great Escape Online 2021 MORE FROM CMU • All about the Great Escape conference • Book your place on CMU’s weekly webinars • Buy MMF and CMU Insights’ Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin